Austin Will Use Virtual Reality to Attract Foreign Direct Investment

Through the use of virtual reality, the city of Austin is turning to the thriving local video game industry to help attract overseas investors and billions of dollars in new economic development money.

The hope is that local developers can create a mobile app that will utilize virtual or augmented reality technology to showcase some of Austin’s most attractive development projects that are waiting for big investors to get them moving.

To prove the city’s interest in deploying virtual reality as a tool for marketing the city’s development projects, the city’s Economic Development Department released a request for qualifications on November 8 for the development of an app.

by Chad Swiatecki

Full Story: http://www.austinmonitor.com/stories/2016/11/virtual-reality-expected-help-city-attract-billions-foreign-investment/